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A multi-millionaire from the highest levels of world commerce is hunkering downin one of the most remote parts of New Zealand. Phillip Colebatch has swapped the boardrooms of London, Zurich and New York for a spot deep in the hinterland of the East Coast.
The retired high-level businessman this week gained Overseas Investment Office approval to buy 1667-hectare Waipaoa Station, north of the tiny settlement of Whatatutu. He has added that to an existing nearby property, 1037-hectare Te Hau station.
The latest purchase means he now owns nearly 3000 hectares of land, 50km north of Gisborne, midway between the Pacific Coast and the Bay of Plenty.
Read More || May 02, 2018 |||
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Palace of the Alhambra, Spain
By: Charles Nathaniel Worsley (1862-1923)
From the collection of Sir Heaton Rhodes
Oil on canvas - 118cm x 162cm
Valued $12,000 - $18,000
Offers invited over $9,000
Contact: Henry Newrick – (+64 ) 27 471 2242
Mount Egmont with Lake
By: John Philemon Backhouse (1845-1908)
Oil on Sea Shell - 13cm x 14cm
Valued $2,000-$3,000
Offers invited over $1,500
Contact: Henry Newrick – (+64 ) 27 471 2242
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